Streetbeat News

FPAY

FlexShopper, Inc.

https://www.flexshopper.com

Industry

Rental & Leasing Services

FlexShopper, Inc., a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. It offers durable products, including consumer electronics; home appliances; computers, including tablets and wearables; smartphones; tires; and jewelry and furniture, such as accessories. The company was formerly known as Anchor Funding Services, Inc. and changed its name to FlexShopper, Inc. in October 2013. FlexShopper, Inc. was founded in 2003 and is headquartered in Boca Raton, Florida.

Open

1.14

Mkt cap

25M

Volume

36K

High

1.19

P/E Ratio

-3.37

52-wk high

1.95

Low

1.11

Div yield

N/A

52-wk low

0.94

FlexShopper Inc. has partnered with PayPossible to expand consumer payment options by integrating FlexShopper's lease-to-own solutions into PayPossible's financing platform. This partnership will benefit new merchants, including RANDYS Worldwide, and introduce new payment options on FlexShopper.com.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:42 pm

FlexShopper has announced a proposed rights offering, distributing non-transferable subscription rights to its stockholders to purchase up to 35 million units. Each unit includes one share of common stock and three short-term rights to buy additional shares at discounted prices.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 9:09 pm

FlexShopper has secured an option to repurchase 91% of its Series 2 Preferred Stock at a significant discount, over 50% less than the $43 million liquidation preference. This option is valid for one year, with potential additional payments based on future events.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:06 pm

HC Wainwright & Co. analyst Scott Buck has reiterated a Buy rating on FlexShopper (NASDAQ:FPAY) and maintained a price target of $2.5.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 10:03 am

FlexShopper shares are rising following the company's filing of patent infringement lawsuits against Upbound Group and Katapult Holdings, alleging unauthorized use of its patented technologies.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:42 pm

FlexShopper has filed patent infringement lawsuits against Upbound Group and Katapult Holdings, accusing them of unauthorized use of its patented technologies.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:06 pm

FlexShopper has partnered with Terrace Finance to integrate lease-to-own services into a multi-provider platform, expanding payment solutions across over 800 retail locations, with an additional 500 expected by the end of 2024. $4.6 million in fundings were approved during Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:09 pm

The article highlights recent insider transactions for three penny stocks: One Stop Systems, System1, and FlexShopper. Insider buying can indicate confidence in the company's prospects. Notable transactions include purchases by directors and major shareholders.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 11:40 am

FlexShopper (NASDAQ:FPAY) reported Q2 2024 GAAP EPS of $(0.13), beating the $(0.14) estimate, but sales of $31.759M missed the $32.597M estimate. Sales increased by 29.46% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:53 pm

The article highlights recent insider transactions in four penny stocks: Stereotaxis, Mobile Infrastructure, Hyliion Holdings, and FlexShopper. Insider buying can indicate confidence in the company's prospects.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 12:10 pm

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